RELATING TO VEHICLE TITLE TRANSFERS.
What changed between versions
Added a new requirement for non-dealers to notify the director of finance within ten days of transferring a vehicle, with a $100 fine for violations.
Added specific provisions for licensed dealers to be relieved of civil liability once they forward properly endorsed certificates and obtain written authorization from the transferee.
Added complete defense provisions that protect transferors from liability for vehicle use, operation, or abandonment by the transferee once proper notice is filed with the director of finance.
Added a provision deeming charitable organizations that receive donated vehicles as transferees subject to all applicable rights, responsibilities, and liabilities.
Requires the Judiciary to determine by July 1, 2026, whether new forms or website modifications are needed to assist vehicle transferors, and to implement them if necessary.
Added a new subsection clarifying that transfer by operation of law (inheritance, bankruptcy, etc.) requires specific signatures by personal representatives or trustees instead of the original owner.